List of Press Releases - 2017-6

Countries around the world are moving towards seamless global supply chains. This is one of the key preliminary findings of the Joint United Nations Regional Commission (UNRCs) Survey on Trade Facilitation and Paperless Trade, presented on Wednesday 12 July, at the World Trade Organization (WTO) ...

The entry into force of the Trade Facilitation Agreement (TFA), last 22 February 2017, calls on Member Countries of the World Trade Organization (WTO) to establish National Trade Facilitation Committees (NTFCs). Based on TFA Art.23 on Institutional Arrangements, such Committees are entrusted with ...

The OECD estimates that countries could reduce trade cost by about 5% only by simplifying trade documents, automating trade, and customs processes. The revision of two Recommendations and the adoption of a new one by the UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT) last week ...

The World Trade Organization (WTO) estimates that the implementation of the Trade Facilitation Agreement (TFA) will reduce trade cost by 13-14 percent in developed and developing countries around the world. The UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT), serviced by UNECE, ...

The port of Aqaba, Jordan’s only sea port, was reformed in 2004 through a public-private partnership (PPP), which helped to reduce average port stays from 8 days to a few hours. Port productivity has more than tripled and the cost to export per 20-foot container dropped from USD 720 in 2004 to ...

Today, the WTO Trade Facilitation Agreement (TFA) has formally entered into force. This will cut total trade costs for about 14% on average, and will result in massive savings of over 1 trillion USD annual to economies, the majority of which will accrue to developing economies.
“The first ...